Latest articles from Turkey

Suzan Sabancı Dinçer

Turkey advances with optimism

January 2, 2014

Turkey’s transformation has been dramatic in the past few years, not least in its banking sector, which has seen impressive growth and responded well in times of crisis. But with a large unbanked population, extraordinary opportunities in the country still abound.  

Turkey stays ahead of the mobile game

Turkey stays ahead of the mobile game

October 1, 2013

Turkey's banks are acquiring a global reputation for innovative products, particularly those that connect them with the country's youthful population through social media. As Duygu Tavan discovers, this is increasingly being done through smartphones.

Historic landmark: it was not until 2005 that Islamic banks were incorporated into Turkey’s banking law

Is Turkey set to embrace Islamic finance?

October 1, 2013

Sharia-compliant banks have occupied only a small proportion of Turkey’s banking market to date, but with rising global demand and the government’s focus on Islamic finance, that looks set to change.

Turkish banks face a genuine stress test

Turkish banks face a genuine stress test

October 1, 2013

Having enjoyed a highly profitable first half of the year, Turkish banks are now having to change strategy due to US monetary policy and turbulence closer to home.

Albaraka steps into Turkish sukuk market

Albaraka steps into Turkish sukuk market

June 3, 2013

Turkey is a relatively new market for sukuk issuance compared with Malaysia and the Middle East, but its Islamic banks are now at the forefront of subordinated sukuk structures, led by Albaraka Turk and its innovative murabaha issue.

Ahead of the game

Turkey's banks embrace the digital generation

May 1, 2013

In Turkey, banks have stopped talking about alternative delivery channels. They consider all channels – including branches, ATMs and mobile – a core business, and this rise in digital banking is spurring competition and, as a result, innovation.

Turkey's ambitious 10-year plan

May 1, 2013

Turkey has set itself some ambitious targets for the next 10 years, not least wanting to become one of the world's 10 largest economies. There are a number of obstacles that it must overcome first, however, with a significant savings gap, a deep current account deficit and a poor record in attracting foreign direct investment.

Turkey revamps its capital markets

Turkey revamps its capital markets

May 1, 2013

As part of its drive to make the country more attractive to international investors and strengthen its economy, Turkey has kick-started a series of capital markets reforms by bringing its three exchanges under one roof, thus establishing the Borsa Istanbul.

Ali Engin Eroglu

Vakifbank steps up to compete in Turkey's high-tech market

May 1, 2013

Vakibank's five-year plan to upgrade its IT infrastructure and completely remake its core banking application is ambitious but, according to CIO Ali Engin Eroglu, it is vital if the bank is to keep pace with Turkey's technology-focused banking sector.

DenizBank exports its IT expertise

DenizBank exports its IT expertise

February 25, 2013

DenizBank's modern, nimble IT system has a series of admirers in the banking world, and includes none other than Bill Gates among those who it has impressed. The bank's chief operating officer tells The Banker how DenizBank is now ready to take its IT knowhow to a wider international audience.

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